Posted on 05/30/2012 12:36:59 PM PDT by Nachum
(CNSNews.com) – The Obama administration’s investments in clean energy include a number of successes, White House Press Secretary Jay Carney asserted Tuesday. However, a review of the federally subsidized green companies finds that most have either filed for bankruptcy or made massive layoffs.
Carney responded to a question about criticism from Republican presidential nominee Mitt Romney regarding the $535 million Department of Energy loan to the politically connected Solyndra solar panel firm that filed for bankruptcy last fall before being raided by the FBI.
“I think the program, as created under the Bush administration and pursued by this administration, has always acknowledged that not every company invested in would succeed,” Carney said. “That is why things like that needed investment in order to scale up to allow them to grow and succeed.
“The portfolio as I understand it contains a number of companies that are progressing and succeeding. Again, if the suggestion is United States should wash its hands of these investments, I think you will all need to assess that for what it means, which means the Chinese can have these, the Europeans, the Indians and the Brazilians can have these industries,” he added.
(Excerpt) Read more at cnsnews.com ...
“Progressing in their bankruptcy proceedings
and
“Succeding” in making great gobs of Taxpayer cash disappear...
Just gonna stand there and watch me burn
Well that's alright because I like the way it hurts
Just gonna stand there and hear me cry
Well that's alright because I love the way you lie
I love the way you lie
Nope, they’re regressing and failing.
Apparently, all successes are due to Obama, all failures due to Bush.
“The buck stops here.” - Harry Truman
“The buck stops anywhere but here.” - Barack Obama
“Where did all of the bucks GO?!?!” - American Taxpayers
LOL - very good.
BUMP!
Shouldn’t Holder’s DOJ file suit against Obama for “using Taxpayer Dollars” for political purposes with campaign donors?
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